Golden Gate Capital, Infor buying Law...

Golden Gate Capital, Infor buying Lawson Software for $2 billion

There are 42 comments on the TwinCities.com story from Apr 26, 2011, titled Golden Gate Capital, Infor buying Lawson Software for $2 billion. In it, TwinCities.com reports that:

Lawson Software Inc. said today it agreed to a $2 billion buyout offer from the private equity firm Golden Gate Capital and business-software company Infor.

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Bob the Accountant

Pleasanton, CA

#1 Apr 26, 2011
The first thing the new owners should do is move the company to a business friendly state: Instant increased revenue.

Maybe someday politicians will get it.
Oh boy

Rosemount, MN

#2 Apr 26, 2011
They will never get it in this crap state!
Get a Grip

Saint Paul, MN

#3 Apr 26, 2011
Bob the Accountant wrote:
The first thing the new owners should do is move the company to a business friendly state: Instant increased revenue.
Maybe someday politicians will get it.
Private Equity companies that buy places like Lawson don't make the purchase because they want to run the operation.

They buy places like this because they belive the sum of it's parts are greater than the whole. Lawson will be quickly dimantled, sold for parts, and Golden Gate will likely net a nice little profit and move on to the next floundering company.

Lawson won't be moved, but it will definitely go away. Another nice empty buidling for downtown St Paul.
Suzy

Minneapolis, MN

#4 Apr 26, 2011
Bob the Accountant wrote:
The first thing the new owners should do is move the company to a business friendly state: Instant increased revenue.
Maybe someday politicians will get it.
Try Mississippit. They've got a lot of illiterate hillbillies who work for moonshnie.
Ronk

Saint Paul, MN

#5 Apr 26, 2011
This has nothing to do with taxes, it's imply the new corporate reality. Companies, their employees and the communities who support and rely on them are meaningless, it's all about making a quick buck. This is clearly evidenced by the fact that the article doesn't even bother mentioning how this might impact local employees, what's really important is how much money shareholders will make. Making long-term investments in growing companies is SO passe! Most "business-friendly" states are actually struggling much more than Minnesota. Arizona, Florida, Georgia, North Carolina... all have much higher unemployment rates than Minnesota, and a lot more missing teeth as well! It's high time people realize that conservative talk radio is a steady fountain of misinformation.
hennybogan

Lakeville, MN

#6 Apr 26, 2011
I agree with Ronk....There are several hundred employees and their families who are now in a state of flux. My guess is that most of them will be looking for work within six months. As long as the shareholders are happy, though, that's what is really important....right????
SSP

Minneapolis, MN

#7 Apr 26, 2011
hennybogan wrote:
I agree with Ronk....There are several hundred employees and their families who are now in a state of flux. My guess is that most of them will be looking for work within six months. As long as the shareholders are happy, though, that's what is really important....right????
Invest your money into a under performing company then you'll have the right to continue to lose your investment yet keep people employeed. Envy is killing this country and left have exploited it into votes. People like you are nothing more than sheep in a race to the bottom, then when you're there, you realize that you still have nothing and that it was actually capitalist that made America what it is and not government.

Since: Jan 11

San Jose, CA

#8 Apr 26, 2011
Suzy wrote:
<quoted text>
Try Mississippit. They've got a lot of illiterate hillbillies who work for moonshnie.
I guess its better to have an intelligent group collecting welfare in socialist MN.
Krazi

Saint Paul, MN

#9 Apr 26, 2011
Ronk wrote:
This has nothing to do with taxes, it's imply the new corporate reality. Companies, their employees and the communities who support and rely on them are meaningless, it's all about making a quick buck. This is clearly evidenced by the fact that the article doesn't even bother mentioning how this might impact local employees, what's really important is how much money shareholders will make. Making long-term investments in growing companies is SO passe! Most "business-friendly" states are actually struggling much more than Minnesota. Arizona, Florida, Georgia, North Carolina... all have much higher unemployment rates than Minnesota, and a lot more missing teeth as well! It's high time people realize that conservative talk radio is a steady fountain of misinformation.
What you fail to connect is that were taxes lower, Lawson may possibly have been able to be more profitable and thus not as ripe for a takeover.

You contradict yourself when you say it's not about taxes, and in the same paragraph you say it's about making a buck.

Taxes are paid with "bucks." The more "bucks" you get to keep, the less likely you are to fail.........
jhs85

Saint Paul, MN

#10 Apr 26, 2011
Get a Grip wrote:
<quoted text>
Private Equity companies that buy places like Lawson don't make the purchase because they want to run the operation.
They buy places like this because they belive the sum of it's parts are greater than the whole. Lawson will be quickly dimantled, sold for parts, and Golden Gate will likely net a nice little profit and move on to the next floundering company.
Lawson won't be moved, but it will definitely go away. Another nice empty buidling for downtown St Paul.
AGREED!
Saul Alinsky

South Saint Paul, MN

#11 Apr 26, 2011
Get a Grip wrote:
<quoted text>
Private Equity companies that buy places like Lawson don't make the purchase because they want to run the operation.
They buy places like this because they belive the sum of it's parts are greater than the whole. Lawson will be quickly dimantled, sold for parts, and Golden Gate will likely net a nice little profit and move on to the next floundering company.
Lawson won't be moved, but it will definitely go away. Another nice empty buidling for downtown St Paul.
Yet another building for the St Paul Port Authority.

Since: Jan 11

San Jose, CA

#12 Apr 26, 2011
This should make the socialist liberals happy, Imation posted a loss this quarter, cannot have those evil corps making money.
Ronk

Saint Paul, MN

#13 Apr 26, 2011
Are you people living under a rock? The amount of actual tax money being collected from corporations relative to earnings hasn't been this low in decades.

This is how Mitt Romney made his millions, buying up companies, applying the purchase price to the debt of the company, stripping the company down to nothing, and selling off the pieces for a handsome profit. Screw the workers, lazy slobs! In a year or so INFOR may very well be swallowed up by some other company, probably foreign. This is the "free market" at work, you righties must be in orgy mode.
Krazi

Saint Paul, MN

#14 Apr 26, 2011
Ronk wrote:
Are you people living under a rock? The amount of actual tax money being collected from corporations relative to earnings hasn't been this low in decades.
This is how Mitt Romney made his millions, buying up companies, applying the purchase price to the debt of the company, stripping the company down to nothing, and selling off the pieces for a handsome profit. Screw the workers, lazy slobs! In a year or so INFOR may very well be swallowed up by some other company, probably foreign. This is the "free market" at work, you righties must be in orgy mode.
and exactly what would you propose?
wtf

Minneapolis, MN

#15 Apr 26, 2011
Job cuts coming soon.
Freedom Lover

Saint Paul, MN

#16 Apr 26, 2011
I also wonder how many of those jobe will remain in St. Paul? Surely the advent of the CCLRT will be too great of a community gem to pass up?
Interesting Twist

Saint Paul, MN

#17 Apr 26, 2011
Yes, it would appear another MN company will be left in the dust. Infor/Golden Gate Capital have a bevy of companies which are rooted in far-off global locales like SE Asia to capitalize on cheap labor.
What will be the legacy of Lawson in MN? The few shareholders who will build McMansions now down in FL or NV which don't have personal income tax. Whooppee!! Infor is based in Alpharetta,(sp?) GA. Any remaining jobs will likely be moved there. Lots of government contracts amongst the Infor/Golden Gate portfolio. Isn't it sad these corporations are in this position based on our tax dollars? Capitalism died long ago. Anyone still calling for the "private sector" to save us hasn't considered the glut of government contracts which have made these companies the behemoths they are.

More reason those calling for the societal elite .001% to continue making decisions as to what is "best" for America to take pause and reconsider. CEO's are the ones making these decisions, and buying their way into Washington. Government drone Congress persons just do what they're told and foist the legislation these companies write upon us.
Interesting Twist

Saint Paul, MN

#18 Apr 26, 2011
Krazi wrote:
<quoted text>
and exactly what would you propose?
Political campaign fund reform to start. It is, after all, easy to buy the legislation you need to make it in our new world order "capitalist" economy.

It would be nice if people FINALLY abandoned the idea they have any "choice" at the polls between the two corrupt, bought and sold parties.
butch

Wayzata, MN

#19 Apr 26, 2011
Profit isn't a dirty word--as long as the dough-is-rey-me!! Greed is good too!

The company was a dog with fleas--let the garage sale begin. The value is in the subsidiaries outside of MN. They actually took a deduct/offset to reduce the price below closing due to the St puke location!!

Given the lack of other interested potential buyers, it is small consolation for the shareholders but then the location is the kiss of death for any private or public entities! Roll it up and blow it out!!
Freedom Lover

Saint Paul, MN

#20 Apr 26, 2011
Maybe Kathy Lantry will be able to get another pawn shop to be an anchor tennant?

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